The SEC has a rule that allows unregistered shares
Post# of 148123
(Total Views: 681)
Posted On: 09/16/2022 2:41:29 AM
The SEC has a rule that allows unregistered shares to be sold to experienced investors who have a higher level of income or money on hand. Those unregistered shares can only be sold after 6 months. I believe that the selling company must also wait 6 months before trying to register those shares with the SEC.
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